Feb 25, 2021
Airbnb predicts 'significant' travel rebound
Online booking platform Airbnb has said it anticipates a "Significant" travel rebound as the world emerges from coronavirus lockdowns. The firm said it has already seen a smaller decline in travel this year than in the last three months of 2020, when revenue was down 22% year-on-year at $859m. "Travel is coming back and we are laser-focused on preparing for the travel rebound," its chief executive Brian Chesky said. Overall the firm lost $4.6bn last year, including $3.9bn in the last three months of the year, when it was hit with high costs connected with its stock market debut. A recent survey conducted for the company in the US found that more than half of about 1,000 respondents had already booked or were planning to travel this year.
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